Main Refinancing Rate News Today

Key events for wealth managers for the week beginning 3 June

EUR/USD closes week higher at 1.08360, navigating choppy trading amid mixed US data. ECBs policy meeting & US inflation data to influence near-term dynamics.

The USD/JPY price turned upside after reaching yesterday’s low of 146.65. The pair has climbed as high as 147.87 today.

Stay informed about the upcoming monetary policy announcements, economic data releases, and potential rate changes by central banks including the Bank of Japan, Bank of Canada, and European Central Bank. Expectations for rate hikes, rate cuts, and inflation data will influence market sentiment and trading opportunities. Keep an eye on Japan's CPI, US Core PCE Price Index, and Personal Income and Spending data for insights into consumer behavior and economic growth.

Expect sustained bullish momentum for EUR/USD amid fluctuating U.S. economic data. Key insights on price trends, ECB, and Federal Reserve actions.

If 2023 could be described with one word, that would be "sentiment".

The gold price resumed its growth today, reaching the $1,990 level. The bias is bullish despite minor downside corrections.

The GBP/USD has continued to deliver fast trading, and the currency pair’s momentum lower late last week was sparked by the Bank of England’s rate decision.

The decline within the EUR/USD continued last week and the 1.07000 level has been penetrated, as USD strength remains abundant.

The difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade each week.